Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
did you notice the alternate is the 2nd great depression and breadlines?
That's what the banks are hoping we'll all believe. There's nothing sure about this whole debacle, including the "breadlines and depression" if there is no bailout. Everything is a supposition.
The only sure thing is we are getting stuck with a horrific bill to pay for generations and the $700 billion is only the beginning. We're so far in debt already that our great grandchildren will still be trying to crawl out of it.
Has anyone realized that a huge bailout expenditure would TANK the Dollar's value and drive all prices sky high in 2009 ?
Yes but many of us believe the bail out may not happen. By this weekend I'm guessing Repubs will realize that government involvement in the market system on such a grandiose scale is not what they stand for and the Dems will realize that the cost of the bail out will seriously cripple expansion of their social programs. However on the other hand, maybe Repubs will realize that the expansion of social programs will be crippled and Dems realize that goverment intervention in the market system is exactly what they seek? Hmmm. Politics can make for strange bed fellows so only Nostadamus knows.
For my family, I just plan to duck and cover and cling to my guns and religion.
This is just irrational hyperbole. We've actually spent about that much in Iraq and that's money down a rat hole. Bush has increased the national debt by about $3 T and we have nothing to show for it. The $700 Billion will be to buy what are currently illiquid and depressed assets. If the government is smart, we could be in a position to stabilize the markets and make some money. If the housing markets rebound the value of many of these mortgages will increase substantially. What this will take is a patience and a cool hand at the wheel. Fortunately Bush will be gone soon.
It's going to take a helluva lot more than $1 Trillion to "tank" the value of the US Dollar.
Don't start screaming hyper-inflation in front of me unless you have your act together or I'll beat you down pretty bad.
Hyperinflation is one of those chain reaction deals.
Yes, it can happen with just $1T. A run on Treasuries, driving up interest rates, causing more selling, causing more tanking on Treasuries, driving up interest rates, on and on...
Status:
" Charleston South Carolina"
(set 7 days ago)
Location: home...finally, home .
8,814 posts, read 21,278,987 times
Reputation: 20102
I wish I could say that I understand what is happening. I feel like a dummy, but I really do not comprehend exactly what happened & how we were lead into this mess.
__________________ ******************
People may not recall what you said to them, but they will always remember how you made them feel .
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
